For most people, the first estate planning document they create is a Last Will and Testament. If you are planning to execute a Will for the first time, you need to spend some time thinking about what terms you want to include in your Will ahead of time. To help you, estate planning attorneys at Augulis Law Firm help you prepare for creating your Will by discussing some questions to think about ahead of time. What Is a Will? At its most basic, a Last Will and Testament is a legal document … [Read more...] about What to Consider When Creating Your Will
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including Powers of Attorney. Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. It’s important to consider whether you need to update either of these powers. Read on to learn more. … [Read more...] about Updating Your Plan: Powers of Attorney
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including your primary vehicle, such as a trust or will. Read on to learn more. … [Read more...] about Updating Your Plan: Your Trust or Will
It isn’t easy to accept the physical and/or mental deterioration that accompanies the natural aging process. If you have an adult child, however, who is willing to care for you it can make it somewhat easier. Of course, even if your adult child wants to provide your care, doing so can put a strain on his/her family finances. As the Medicaid lawyers at Augulis Law Firm explain, there may be a program in New Jersey that will pay your adult child to care for you. What Is a Medicaid Waiver? … [Read more...] about Will Medicaid Pay My Child for Providing Care?
A Power of Attorney is among the most frequently used of all estate planning documents, due predominantly to the fact that a Power of Attorney (POA) can help accomplish such a wide range of estate planning goals. The pervasive nature of POAs, however, also means that they are frequently misused and abused. Given the nature and purpose of a POA, executing the wrong type of Power of Attorney can be a costly mistake. To help prevent you from making just such a mistake, the Middlesex estate planning … [Read more...] about Which Type of Power of Attorney Is Right for Me?
For the vast majority of people, at least one life insurance policy is included in their estate plan. While life insurance can be a valuable estate planning tool, the key to getting the most out of your life insurance policy is knowing which type of insurance is right for you. Toward that end, the estate planning attorney's at Augulis Law Firm explain how to make the most of your life insurance. Understanding Which Type of Life Insurance You Need Life insurance is not all the same. The … [Read more...] about What Type of Life Insurance Do I Need?
As both your assets and your family grow, you will need to review and revise your estate plan to ensure that it reflects your current needs and objectives. One component that most people will want to add to their estate plan as they get older is Medicaid planning. Another important addition to your estate plan is funeral planning. The attorneys at Augulis Law Firm explain how adding a pre-paid funeral contract to your estate plan can actually help with both your funeral planning and your … [Read more...] about Medicaid Attorneys Explain How a Pre-Paid Funeral Contract Can Help
The desire to provide for loved ones after you are gone is probably at the top of your list of estate planning goals. If you are part of a blended family, that seemingly simple goal becomes infinitely more difficult to achieve. Your estate planning attorney may recommend a variety of tools and strategies that can help accomplish your goal, including the use of a Qualified Terminable Interest Property, or QTIP, trust. A trust attorney explains how a QTIP trust works so that you can decide if one … [Read more...] about What Is a QTIP Trust?
The number of older Americans has grown significantly in recent years and experts tell us it will more than double from the current 46 million to over 98 million by 2060. Given the fact that we are already struggling to provide care to the number of elderly individuals that need it now, concerns about who will care for the elderly in the future seem warranted. One idea that appears to be gaining momentum is robot caregivers. Yes, even the field of healthcare is taking advantage of the leaps in … [Read more...] about How Would You Feel about a Robot Caregiver in the Future?
Mixed-Nativity Marriages in the U.S. American has long been referred to as a melting pot, and with good reason. According to the U.S. Census Bureau, 11.4 million married-couple households, or 21 percent of all married-couple households in America in 2011, had at least one spouse born in another country. About 13 percent (7.3 million) of households had two foreign-born spouses, and 7 percent (4.1 million) had one native-born and one foreign-born spouse. Of the couples with one native-born … [Read more...] about How Can a QDOT Trust Protect My Spouse?